Providence First Trust Co Purchases New Position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Providence First Trust Co acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 750 shares of the company’s stock, valued at approximately $75,000.

Other institutional investors have also modified their holdings of the company. Pflug Koory LLC grew its position in shares of iShares 0-5 Year TIPS Bond ETF by 534.7% in the 4th quarter. Pflug Koory LLC now owns 476 shares of the company’s stock valued at $48,000 after buying an additional 401 shares during the last quarter. Bradley & Co. Private Wealth Management LLC purchased a new stake in iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at $52,000. Ridgewood Investments LLC boosted its stake in iShares 0-5 Year TIPS Bond ETF by 33.0% in the fourth quarter. Ridgewood Investments LLC now owns 818 shares of the company’s stock valued at $82,000 after acquiring an additional 203 shares in the last quarter. Peterson Financial Group Inc. purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF during the third quarter worth about $177,000. Finally, First United Bank & Trust increased its position in shares of iShares 0-5 Year TIPS Bond ETF by 19.2% during the fourth quarter. First United Bank & Trust now owns 1,914 shares of the company’s stock worth $193,000 after purchasing an additional 308 shares in the last quarter.

iShares 0-5 Year TIPS Bond ETF Price Performance

iShares 0-5 Year TIPS Bond ETF stock opened at $102.72 on Friday. iShares 0-5 Year TIPS Bond ETF has a fifty-two week low of $98.53 and a fifty-two week high of $102.72. The stock has a 50-day simple moving average of $101.22 and a 200-day simple moving average of $100.93.

iShares 0-5 Year TIPS Bond ETF Profile

The iShares 0-5 Year TIPS Bond ETF (STIP) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of US Treasury Inflation-Protected Securities (TIPS) with a remaining maturity of less than 5 years. STIP was launched on Dec 1, 2010 and is managed by BlackRock.